Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently…
The residential construction industry in Australia is facing challenges due to the sharp rise in construction input costs, compounded by shortages of labour and materials, which has eroded profit margins on existing fixed-price contracts (Graph C.1). Reflecting these pressures, a number of large residential construction firms have entered into insolvency over the past year.…
Dubai courts have also ordered the precautionary seizure of all balances, accounts and funds of Arabtec Holding, and its subsidiaries. “The parties to the seizure must therefore acknowledge what is in their debt within the legal term from the date of being notified, while preventing their employees from paying to others within the limits of…
Northern Ireland’s Mark Allen has spoken frankly about the reasons which led him to declare himself bankrupt. The 36-year-old says he hopes the worst of his personal and financial problems are now behind him but concedes that he made “some wrong moves” in the past. “I just overspent in every aspect of my life,” said…
Former WA One Nation senator Rod Culleton has been charged with allegedly giving false information to the Australian Electoral Commission. Key points: It is alleged Rod Culleton falsely declared his financial circumstances He was charged after a federal police investigation He has denied any wrongdoing and plans to fight the allegations Rod Culleton was charged after a…
The Board of the National Bank of Ukraine has declared BANK SICH JSC insolvent for failure to discharge its liabilities to the NBU within the period prescribed in the refinancing loan agreement due to the lack of funding. BANK SICH JSC failed to pay interest on refinancing loans for July 2022 in violations of terms and conditions…
In April 2022, the ATO began writing to batches of company directors in relation to unpaid liabilities informing them about the risk of their personal liability for unpaid company tax debts. If not actioned, directors are at risk of receiving a Director Penalty Notice (DPN). These letters pre-DPN will continue to be…
Rabbi and son declared bankrupt by court The Canberra Times Read the original article here
(Yicai Global) July 6 — Shares in Suning.com plunged by the exchange-imposed limit today after the struggling Chinese electrical appliance retailer refuted a report that a group of disgruntled suppliers have applied to a local court for the firm to be declared insolvent and its affairs to be wound up. Suning’s share price [SHE:002024] was…
Colombo, Sri Lanka CNN — Sri Lanka is “bankrupt,” Prime Minister Ranil Wickremesinghe said Tuesday, as the country suffers its worst financial crisis in decades, leaving millions struggling to buy food, medicine and fuel. Wickremesinghe told lawmakers that negotiations with the International Monetary Fund (IMF) to revive the country’s “collapsed” economy are “difficult,” because the…